RAT now has a bit of breathing space to sell down assets and get debt back to a more manageable level.
Under its agreement with Credit Suisse the bank will not make any margin calls during the next 12 months provided that RAT sticks to its revised monthly payment plan.
This will allow RAT time to realise maximum value from sale of assets.
RAT directors have previously stated that they plan to buyback $50m of their shares (company is currently capitalised at less than that) after repayment of short term debt.
Who says RATs cant fly.
Von.
RAT Price at posting:
0.0¢ Sentiment: None Disclosure: Held
